Traction elevators are the most common type of elevator. They can be geared or gearless and both model types are driven by alternating current (AC) or direct current (DC) electrical motors.
In geared elevators, there is a gearbox attached to the motor that drives the wheel and moves the ropes.
Does a home elevator add value?
Adding an Elevator to Your Home May Increase Your Property Value. … Your home’s property value is likely to increase over time as a result of inflation and changes in the real estate market.
You can also make changes to your property to make it more attractive to potential buyers and to increase the selling price.